Advert

News

  • Hyundai overhaul faces more opposition as Glass Lewis urges no-vote

    Hyundai overhaul faces more opposition as Glass Lewis urges no-vote

    A planned overhaul of Hyundai Motor Group’s ownership structure has garnered more opposition with a major US proxy adviser urging shareholders to reject a deal in which the group’s proposed de facto holding firm would spin off lucrative...

  • Global stocks sink as soft China data, trade fears weigh

    World stocks fell as investors digested soft Chinese economic data and a lack of progress in US-China trade talks, though oil companies were a bright spot as crude hit a three-and-a-half-year high. MSCI's world equity index, which tracks shares in...

  • Fantastic experiences out at sea

    Fantastic experiences out at sea

    A long boating season, professionalism and return custom are fuelling the growth of the yacht charter industry in Malta, says OceanLine managing director Daniel Ashforth. When was OceanLine’s charter division set up and with what aims?OceanLine...

  • A shade of corporate green

    A shade of corporate green

    As environmental concerns top the policy agenda globally and locally, and awareness increases among the population, the ideas behind going green in business are increasingly becoming attractive and worthwhile. In Malta, although individual and...

  • HSBC says it performed first trade finance transaction using blockchain

    HSBC says it performed first trade finance transaction using blockchain

    HSBC Holdings Plc said yesterday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. HSBC...

  • In concession, Trump will help China’s ZTE ‘get back into business’

    In concession, Trump will help China’s ZTE ‘get back into business’

    US President Donald Trump pledged on Sunday to help ZTE Corp “get back into business, fast” after a US ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week. “Too many...

  • UK employers plan to raise pay by more over coming year

    British employers plan to offer bigger pay rises to staff over the next year than they expected three months ago, reflecting faster pay growth in the public sector as well as more general demand for staff, an industry survey showed yesterday. The...

  • US, Asian shares climb amid trade hopes

    Stocks in the United States and Asia rallied on hopes for improving trade relations between the US and China, while the US dollar weakened for a fourth straight session against a basket of currencies. US President Donald Trump pledged on Sunday to...

  • JPMorgan Chase submits application for majority-owned China securities business

    JPMorgan Chase said yesterday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the US bank would own a 51 per cent stake. The bank’s asset and wealth management unit is...

  • Money market report for the week ending May 11

    On May 7, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on May 8 and attracted bids from euro area eligible counterparties of €2 billion, €0.56 billion lower than the bid amount...

  • GO sees €29.5m profits in 2017

    GO sees €29.5m profits in 2017

    GO saw its operating profit increase by 12 per cent in 2017 to reach €29.5 million throughout the year, with earnings before interest, tax depreciation and amortisation rising by 6.5 per cent to €61.6 million. The telecommunications company...

  • Every bank’s nightmare

    Every bank’s nightmare

    Few things can make a bank director or CEO lose sleep at night like the prospect of failure of the organisation’s IT system. The meltdown of TSB’s IT system on April 20 laid bare the risks banks take when they decide to upgrade their legacy...

  • European Equities are making a comeback

    2018 started off with a bang. By mid-January European equities were up 4.8 percent. That meant that compared to other asset classes equity investors could have closed books and happily boasted a year’s returns. Obviously some greed kicked in and...

  • North Korea offering cheap coal on hopes sanctions will ease

    North Korea offering cheap coal on hopes sanctions will ease

    Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, three Chinese...

  • As flat prices soar in HK, investors park money down in the lot

    As flat prices soar in HK, investors park money down in the lot

    Esther Fan’s nest egg is tucked away in an old residential complex on the outskirts of Hong Kong – two parking spaces in a dimly-lit lot alongside dozens of luxury cars and a Mini Cooper with fake eyelashes on its headlights. Her parking spots,...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Cendrillon from Koper to Port Said, the Buxcoast from Aliaga to Valencia (both CMA CGM Malta Agency Ltd), the BF Esperanza from Sfax to Algiers (Thomas Smith & Co. Ltd), the MV Eurocargo...

  • EY Malta launches All Things Tech event

    Technology is at the centre of business change and provides opportunities to improve performance, manage risk and drive innovation. Getting the technology right can be the start, or the end point, of a transformation. Our mission at EY Malta IT...

  • Can Malta leverage more EU funding?

    One of Europe’s flagship projects to address the low levels of investments following the financial crisis was the European Fund for Strategic Investments (EFSI). This fund was launched in mid-2015 and is due to mobilise the targeted €315 billion...

  • Emerging markets – a threat or an opportunity?

    Emerging markets opened the year strongly on the back of a positive global growth outlook, low and stable inflation, rising commodity prices and, more importantly, a weak dollar. Emerging market (EM) currencies appreciated against the dollar, EM...

  • ‘Going beyond short-term market volatility’

    ‘Going beyond short-term market volatility’

    Wayne Spiteri, managing director of HSBC Global Asset Management Malta, and Stéphane Mesnard, Multi-Asset Fund Manager at HSBC Global Asset Management, speak about the sensible way to put one’s assets to work with a view of creating future...